Monday October 9, 2017
Economic Calendar & Watch List
US futures are edging higher in early trading. European stocks are higher amid the ongoing political crisis in Spain and tensions in Britain with PM May in office and Brexit negotiations. Asian markets settled mixed for the day.
The SPY consolidated throughout Friday’s session after six consecutive days of gains. Support will lie at the low of Friday’s range at $253.85, followed by $253.20, then $252.56, $252.23, $251.29, the 20EMA at $250.81, long term ascending support line at $250.21, and finally the recent pivot $250.13. Resistance will be at the high of yesterday’s range at $254.46, then record highs at 254.68.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
Notable Earnings Before Open
Notable Earnings After Close